The Trader

The U.S. Market Is Too Hot. Money Is Flowing Into European Stocks.

by
The U.S. Market Is Too Hot. Money Is Flowing Into European Stocks.

With the S&P 500 already up 26% from a low point in late October, money is starting to pour into European stocks. Investors should expect that to continue.  The S&P 500 has become expensive, while the Stoxx Europe 600 hasn’t. The S&P 500 is now trading at 20.7 times the per-share earnings its component companies … Read more

The Stock Market Is Melting Up. Prepare for a Short-Term Correction.

by
The Stock Market Is Melting Up. Prepare for a Short-Term Correction.

No cut, no problem—at least not for the stock market. It should have been a bad week for an overextended market, one that had risen for 14 of the previous 15 weeks. A pair of stronger-than-expected January inflation prints forced investors to wake up to the realization that the Federal Reserve won’t be cutting interest … Read more